M-KOPA | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

M-KOPA is a UK-headquartered fintech company focused on providing affordable smartphones and digital financial services to underserved...


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M-KOPA logo

M-KOPA is a UK-headquartered fintech company focused on providing affordable smartphones and digital financial services to underserved individuals in emerging markets. With operations in several African countries, M-KOPA has extended over $1.5 billion in credit to more than 5 million customers through an innovative financing model that allows for daily repayments. The company leverages payments data and AI-driven analytics to build credit records for customers, facilitating access to digital loans, data subscriptions, and insurance.

Website
Size
1001-5000 employees
Industry
Financial Services
Specialities
smartphones, fintech, digital finance, technology, financial inclusion, digital connectivity, emerging markets, e-mobility, impact

🛍️ M-KOPA Product and Pricing News →

👔 M-KOPA CEO, Management and Leadership Team →

⚔️ M-KOPA Alternatives and Competitors →

💼 M-KOPA Hiring and Layoffs →

🤖 M-KOPA Developer, Integration and Automation News →

📈 M-KOPA Financials, Fundraising and Valuation News →

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🛍️ M-KOPA Product and Pricing News

  • M-KOPA is providing street vendors in Kenya with access to credit using Azure ML for forecasting.
  • M-KOPA now offers financing for energy solutions and asset purchases to SMEs in Kenya and Uganda.
  • M-KOPA is one of the asset finance startups gaining a foothold in Kenya's growing buy now pay later sector.
  • M-KOPA has introduced the M-KOPA S34 smartphone featuring 4GB RAM, 64GB ROM, a 5000mAh battery, and Android 14TM.
  • M-KOPA, led by Regional Manager Nana Kwame A. Essuman, is enabling digital inclusion in Africa's agricultural sector by offering affordable mobile phones through flexible financing options.

  • M-KOPA, a Kenyan digital financial services company, has integrated advanced IoT technologies into its micropayments service, improving processing speed to 500 payments per minute and reaching 3 million people across Africa.
  • M-KOPA is among the BNPL providers in Kenya facing scrutiny from regulators and lawmakers due to complaints about predatory lending practices.
  • M-KOPA is reportedly collaborating with HMD Global to release the M-Kopa X30 smartphone with a 720p display, Unisoc T612 chipset, and a 50MP front camera, exclusively in Ghana, Kenya, Nigeria, South Africa, and Uganda.

👔 M-KOPA CEO, Management and Leadership Team


⚔️ M-KOPA Alternatives and Competitors

  • Lumos
  • |
  • Fido Money Lending
  • |
  • Asaak
  • |
  • Rensource Energy
  • |
  • Messenger
  • |
  • MarketForce
  • |
  • d. light
  • |
  • Bboxx
  • |
  • Tugende
  • |
  • Apple Capital
  • |
  • ZOLA Electric
  • |
  • Clean Fund
  • |
  • EAM Solar
  • |
  • Philux Global Group
  • |
  • TradeDepot

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💼 M-KOPA Hiring and Layoffs

  • Rajeev Suri has joined M-KOPA as the new Board Chair, bringing his experience in technology companies to guide the company's growth.
  • M-KOPA has restructured its board, changing several roles from 'Investor Director' to 'Non-Executive Director' and adding specific titles for Rajeev Suri and Katsuya Kashiki.
  • Adiba Ighodaro has joined M-KOPA as a Non Executive Director in the United Kingdom, previously holding a position at another company.
  • Elvin Rotich has joined M-KOPA as a Channel Support Officer in Kenya, previously holding a position at another company.
  • Goodness Caleb Ibeh transitioned to an Information Security Engineer role at M-KOPA in 2024.

  • M-KOPA's team in Kasoa held discussions to plan for 2025.
  • Millicent KGARE has joined M-KOPA as a Senior Sales Executive.
  • Faderr Johm has joined M-KOPA as a Senior Product Manager in Nairobi County, Kenya, previously serving as a Senior Product Lead at Hello Tractor.

🤖 M-KOPA Developer, Integration and Automation News

  • M-KOPA partners with Samsung to offer flexible payment plans for the Galaxy A16 5G and Galaxy A06 smartphones in Kenya.
  • M-KOPA has partnered with Standard Bank Group to enhance service to underserved markets.
  • M-KOPA increased its female customer base from 28% in 2020 to 40% in 2024 and is partnering with Yale Inclusion Economics, Caribou Digital, and Learn.Ink to further support women's access to financial and digital products.
  • M-KOPA partnered with a telecommunications company, Meta, and Google to add five new devices to the Lipa Mdogo Mdogo initiative, enabling low-income users to buy 4G smartphones with daily payments of $0.20.
  • M-KOPA uses Scale's platform to optimize its supply chain management.


📈 M-KOPA Financials, Fundraising and Valuation News

  • M-KOPA has deployed over $1 billion in credit to underbanked individuals, with 42% of their customers being first-time smartphone users, highlighting their impact on financial inclusion.


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